More famously she made the call a fortnight earlier: CNBC: "Tesla stock going to $4,000" (TSLA) which we intro'd with:
Aristophanes first used the phrase "cloud cuckoo land" in his play The Birds 2500 or so years ago.And outro'd by noting:
It is so over-the-top optimistic a place that it moves Pollyanna and Doctor Pangloss toward the morose-despondent-suicidal end of the spectrum. And it was the first thing I thought of on seeing this headline.
In pre-market trade the stock is changing hands at $366, down $4.40, leaving plenty of upside should the analyst prove correct....It closed today at $537.92 up $13.06 (+2.49%) after hitting an all time high print: $547.41.
Please note: the stock opened today on a gap up from Monday's close of $524.86 to $544.26 i.e. today's close was lower than the opening trade.
I've forgotten the name of that candlestick pattern is but it is not positive in the immediate term.
And from MarketWatch, Jan 14, 2020 3:17 p.m. ET:
Apple, Microsoft and... Tesla?
Ark Investment founder Catherine Wood told CNBC Tuesday she sees Tesla TSLA, +2.37% surging to $6,000 within five years, a move that would put the electric-car maker in the rarified air of those other trillion-dollar companies. Right now, Tesla sits below the $100-billion in market cap.
“As we’re looking at other auto companies, seeing how far behind Tesla they are, we’re beginning to believe they might not lose market share, which is a huge change in our assumptions,” she said, pointing out that market share was a concern when she first predicted in February 2018 that Tesla would reach $4,000.In early afterhours action the stock is changing hands at $ 539.75, up $2.09 (+0.39%)
Autonomous vehicles will also be a big driver going forward, with Tesla, in her view, positioned to be the dominant player in the space. “The winner in autonomous platforms, and in any artificial intelligence project, is that company with the most data and the highest-quality data,” she said. “That company is Tesla.”
Watch the interview:....MORE, including the video.
